From The Collaborative International Dictionary of English v.0.48:
Flip \Flip\ (fl[i^]p), n. [Cf. Prov. E. flip nimble, flippant,
also, a slight blow. Cf. Flippant.]
A mixture of beer, spirit, etc., stirred and heated by a hot
iron.
[1913 Webster]
Flip dog, an iron used, when heated, to warm flip.
[1913 Webster]
From The Collaborative International Dictionary of English v.0.48:
Flip \Flip\, v. t. [imp. & p. p. Flipped (fl[i^]pt); p. pr. &
vb. n. Flipping.]
1. To toss (an object) into the air so as make it turn over
one or more times; to fillip; as, to flip up a cent.
[1913 Webster]
As when your little ones
Do 'twixt their fingers flip their cherry stones.
--W. Browne.
[1913 Webster]
2. To turn (a flat object) over with a quick motion; as, to
flip a card over; to flip a pancake.
[PJC]
3. To cause (a person) to turn against former colleagues,
such as to become a witness for the state, in a criminal
prosecution in which the person is a defendant. [cant]
[PJC]
4. (Finance) To resell (an asset) rapidly to make a quick
profit. [cant]
[PJC]
From The Collaborative International Dictionary of English v.0.48:
Flip \Flip\, v. i. [imp. & p. p. Flipped (fl[i^]pt); p. pr. &
vb. n. Flipping.]
To become insane or irrational; -- often used with out; as,
seeing her mother killed made the girl flip out.
[PJC]